Insurance protection for notified food crops, oilseeds and horticultural /commercial crops
Uniform maximum premium for all farmers like PMFBY :
Kharif season - 2% of sum insured.
Rabi Season 1.5% of sum insured.
Commercial/horticultural crops 5% of sum insured.
The difference between actual premium and the rate of Insurance payable by farmers shall be shared equally by the Centre and State.
When the Weather indices (rainfall/temperature/relative humidity/wind speed etc) is different (less/ higher) from the Guaranteed Weather Index of notified crops, the claim payment equal to deviation/shortfall is payable to all insured farmers of notified area.
Provision for assessment of losses caused by hailstorm and cloud burst at individual farm level.
Implementing agency will be selected by the State Government through bid.
Coconut Palm Insurance Scheme (CPIS)
Insurance protection for Coconut Palm growers.
Premium rate per palm ranges from Rs. 9.00 (in the plant age group of 4 to 15 years) to Rs. 14.00 (in the plant age group of 16-60 years).
50-75% subsidy of premium is provided to all types of farmers.
When the palm damaged, the claim payment equal to input cost loss damage is payable to the insured in notified areas.
Crop insurance will be compulsory. However farmers can choose atleast 2 sections from remaining.
Farmers may be able to get all requisite insurance products for farmers through one simple proposal/ application Form and through single window.
Two flagship schemes of the Government viz PMSBY & PMJJBY have been included apart from insurance of assets.
Pilot scheme will be implemented through single window.
Processing of claims (other than Crop Insurance) on the basis of individual claim report.
Whom to Contact ?
Nearest branches of Bank/ PACS/Cooperative Banks/ Empanelled General Insurance Companies notified for the area and District Agriculture Officer/Block Development Officer may be contacted or visit web portal Crop Insurance portal